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Stocks
NMDC IPO: Not A Bargain
I’ve been asked about the NMDC IPO – a follow on public offer that involves a sale by the Government of India, of 33 crore shares. The price band ...
Stocks
Institutions = Individuals, at least in IPOs
Mint reports: Institutional investors now pay 100% of the bid amount upfront while bidding in an IPO, a far cry from the days when they didn’t have to put ...
Economy
Credit Growth at 15%
Bank Credit Growth has moved up steeply from the lows of sub-10% about six months ago, to over 15% as announced two weeks back. (Click for a larger ...
Commentary
Linkfest: Michael Burry, Real Estate…
Michael Lewis on The Great One-Eyed Fund Manager Michael Burry. What an inspiring read. Matt Taibbi on Rick Santelli’s rant on Predatory lending where he ...
General
Salmon on Buffett
Felix Salmon’s article on Buffett talks a fair lot on how important is what Buffett DOESN’T say as much as what he does. Buffett, in his annual letter said ...
Economy
Ending the Teaser Game, Hiking Rates
ICICI and HDFC hike auto loan rates, end teaser loans for housing loans: country’s two leading private lenders ICICI Bank and HDFC Bank on Thursday raised ...
Economy
Direct Tax Code: Book Profits and Buy Back?
With the Budget revealing that the Direct Tax Code will be implemented from April 2011, a few choices have to be made now. The DTC brings in capital gains tax ...
Commentary
Berkshire Hathaway’s Annual Report 2009
This is usually a great read: Berkshire Hathaway Annual ...
Economy
Budget 2010: Sector Impact
What’s in the IT budget for specific companies or sectors? Real Estate Interest rate subsidy of 1% for home loans less than 10L (on property less than 20L) ...
Economy